GACC: China's Q1 ferrous scrap imports surge 33% YoY

China's imports of ferrous scrap during January-March this year totalled 79,291 tonnes, higher by a significant 19,784 tonnes or 33.2% compared with the same period last year, according to the latest statistics from the country's General Administration of Customs (GACC).

In March alone, the import volume jumped 22.9% on year to 26,686 tonnes, though it had slipped 1.6% from the previous month, GACC data showed. The remarkable on-year increase in the country's overall ferrous scrap imports in the first quarter was attributed almost entirely to the surge in imports of